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Nov 29, 2012
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welcome back. >> thank you. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promote
welcome back. >> thank you. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff...
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Nov 27, 2012
11/12
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whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often than they do stores. whether that adds up to incremental organic growth is a question we just don't know. remember, we're startin
whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way...
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Nov 29, 2012
11/12
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wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli ambassador to the u.n., ron prosor, warned that the palestinians are turning their backs on peace. >> for as long as president abb
wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the...
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 21, 2012
11/12
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the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste, fraud and abuse. is there enough revenue from waste, fraud and abuse and m medicare to get the type of serious deficit reform needed to bring down the $16 trillion debt? >> well, you know, i think anytime you're talking about a deficit, there's two ways to bring it down, and i know you know this well. you're either going to raise revenue or have cuts, and i would continue to argue for a balanced approach which means i do think you can find savings in both programs. but what i'm concerned about is what the real agenda is and the real agenda, in my opinion, is to end medicare. i mean, that was certainly a big item i
the fiscal cliff and jobs are far more important. >> and let's talk about the fiscal cliff and jobs. in your time in california you worked on in the state assembly, a state hit hard by a fiscal y crisis. >> i sure did. >> i want to talk to you about something you said in terms of medicare reform and medicaid. obviously republicans are saying, look, in exchange for any type of taxes going up, we want to see some real entitlement reform. you talk about cracking down on waste,...
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Nov 24, 2012
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. >> woodruff: when you talk about the fiscal cliff are the deadline is supposed to be january 1, but you've been out there talking about what can be done about that. among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number. it's just a compromise. the democrats' position has been tax cuts to expire over 250. the republicans' position has been make all the tax cuts permanent. so a year ago i put a of a compromise on the table. if that compromise were accepted, it would raise $500 billion in revenue over the next 10 years, which would take the potential trillion-dollar sequester and cut it in half. and there arar a couple of other steps i put on the table du
. >> woodruff: when you talk about the fiscal cliff are the deadline is supposed to be january 1, but you've been out there talking about what can be done about that. among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not...
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Nov 26, 2012
11/12
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the debate on the fiscal cliff is about entitlement programs. and i watched some of my friends on the left, on the democratic side saying don't touch the entitlement programs. they're ignoring the obvious. medicare untouched, unchanged, unamended runs out of money in 12 years. i plan on being around for 12 years. a lot of folks who are seniors do too, and those who anticipate retiring expect it to be there beyond 1 years. we need to do something. to say we're not going to touch medicare is to ignore the obvious. i don't want to go the paul ryan budget route of voucherrizing it, making it so expensive seniors can't pay for it but if we don't put our best talents together and make medicare a program that lasts beyond 12 years we are not meeting our obligation to the offices that we ran for. the last point, medicaid. what is medicaid? medicaid is insurance, health insurance for the poor. one out of three children in the state of illinois, their only health insurance is medicaid. more than half of the births in illinois, the prenatal care and well b
the debate on the fiscal cliff is about entitlement programs. and i watched some of my friends on the left, on the democratic side saying don't touch the entitlement programs. they're ignoring the obvious. medicare untouched, unchanged, unamended runs out of money in 12 years. i plan on being around for 12 years. a lot of folks who are seniors do too, and those who anticipate retiring expect it to be there beyond 1 years. we need to do something. to say we're not going to touch medicare is to...
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Nov 24, 2012
11/12
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the facts by -- debt and fiscal cliff on scare tactics. the government can borrow as much as it once. this analogy to greece is like comparing apples to oranges. all kinds of reports by independent -- not a democrat and not a republican -- economists showed that letting the bush tax cuts sunset, cutting defense spending and normal economic growth will reduce most of this so-called deficit. in the long run, it is like blowing up a balloon. at some point, it will burst. in the short run, there is a lot of hype these. talk about uncertainty in the- short-run- -- in the short run, there is a lot of hype. to the i want to get your thoughts. the advisory board for this group includes alan simpson and erskine bowles, famous for the simpson-bowles proposal to reform our economy. let me get your thoughts on simpson-bowles before we throw it to the co-founders. caller: that would talk about issues. one of their ideas is to cut tax rates. that does not make any sense. as the gentleman said, there is also a revenue problem. take a look at third-party,
the facts by -- debt and fiscal cliff on scare tactics. the government can borrow as much as it once. this analogy to greece is like comparing apples to oranges. all kinds of reports by independent -- not a democrat and not a republican -- economists showed that letting the bush tax cuts sunset, cutting defense spending and normal economic growth will reduce most of this so-called deficit. in the long run, it is like blowing up a balloon. at some point, it will burst. in the short run, there is...
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Nov 23, 2012
11/12
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we don't know about the fiscal cliff. they don't know what it means and i think the vast majority of consumers don't care. it is all about them, they're spending, their lifestyle, their habits. people will spend and that is pretty much my opinion. guest: if you look at what consumers are willing to spend this year, it is getting back to the pre-recessionary levels. i think in 2007, folks on average spent about 127 predicts spent about 100 -- $727 and this year is it -- is about the same. it is close to what we were saying in 2005 and 2004. it has been grinding along and consumers seem to have short memories in terms of financial strain. they are starting to return to where they are willing to spend on their family and willing to spend on themselves much like they were before the recession. host: college point, new york, plans to spend the same, go ahead -- caller: some of my thunder was taken away from the previous caller but with the layaway plans, the big box stores, there is more evidence that their short-term memory.
we don't know about the fiscal cliff. they don't know what it means and i think the vast majority of consumers don't care. it is all about them, they're spending, their lifestyle, their habits. people will spend and that is pretty much my opinion. guest: if you look at what consumers are willing to spend this year, it is getting back to the pre-recessionary levels. i think in 2007, folks on average spent about 127 predicts spent about 100 -- $727 and this year is it -- is about the same. it is...
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Nov 28, 2012
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clear that the president has to win the battle over a fiscal cliff. he's got those on the left who doesn't think it is a cliff and he needs to get the business community to put pressure on the republicans to get a deal before christmas. the president is playing it right so far, making it about the middle class and get the rich people to pay their taxes. it's really a tough fight. if this were his only fight it would be a tough fight. >> let's turn back to rice for a moment and look at the substance of that. she acknowledged was what she did was repeat unclassified talking points that came from the intelligence communities. if she had classified information that was somehow different or would have added more to it, obviously she couldn't have said it on the sunday shows, but should she have been more direct that the information she was providing to the american people was at that point not just preliminary but incomplete? i guess the bottom line is did she mislead? >> right. i think the big question -- it is a question. we don't have the answer. was sh
clear that the president has to win the battle over a fiscal cliff. he's got those on the left who doesn't think it is a cliff and he needs to get the business community to put pressure on the republicans to get a deal before christmas. the president is playing it right so far, making it about the middle class and get the rich people to pay their taxes. it's really a tough fight. if this were his only fight it would be a tough fight. >> let's turn back to rice for a moment and look at the...